A factory in Wuhan with an area of 419 mu was auctioned and won by a company of 55.2 million yuan

Recently, on Jingdong Auction Online, Wuhan ushered in an asset auction related to bankrupt companies. The land use rights and above ground buildings and accessories under the name of Wuhan Golden Horse Pentium Investment Co., Ltd. were auctioned. This auction is an industrial plant and industrial land, with an asset evaluation price of 15404.1 million yuan, but the starting price of this auction is only 55.2083 million yuan, The starting price is about 100 million yuan less than the evaluation price. The price cut was not small, but only one person finally signed up to bid and won the auction at the starting price.

However, this is the fourth auction of the industrial property, and the previous three auctions have all failed. The starting price of the first auction was 1078.28 million yuan, and the starting price of the third auction had dropped to 69010400 yuan, but the auction still failed.

The industrial real estate auctioned this time is located in Salvation Temple Village, Sanli Street, Huangpi District, Wuhan City. This village is far away from the central city of Wuhan and is outside the Fourth Ring Road. However, this village is very beautiful. There is a river flowing through the village, and many beautiful villas have been built in the village. The industrial plant auctioned this time is surrounded by many self built luxury houses and villas. The traffic here is also very convenient. Shanghai Wuhan Expressway and Wuhan Machang Expressway converge here.

The industrial real estate auctioned covers a very large area. It is divided into two industrial lands, with an area of about 419 mu. However, most of the industrial lands are still under development. Four frame structure complex buildings and two steel structure workshops have been built on the whole plot. The entire industrial project was originally planned to be built into Jinma Industrial Park. Four frame structure complex buildings, each with a building area of 5335.28 square meters and three floors of frame structure, were completed in 2014. Some of these buildings have no access to water and electricity or only temporary water and electricity, and none of the four complex buildings has gone through property registration. Two steel structure plants, plant 1 with a floor area of 16356.2 square meters and plant 2 with a floor area of 10326 square meters, were built in 2016. During the construction of these two plants, no planning and construction procedures were reported to the relevant departments, and no ownership certificate was obtained.

Regardless of the six existing plants, the unit price of this auction is only 130000 yuan/mu, if only based on the area of 419 mu of industrial land. This unit price should be said to be quite cheap, not to mention six plants and complex buildings. So, for the winner, everyone said, is it a leak?

From the auction results, it was a newly established enterprise called Wuhan Xinwang Commercial Operation Management Co., Ltd. that finally won the large industrial property. According to Aiqicha, Wuhan Xinwang Commercial Operation Management Co., Ltd. was established on May 7, 2024, just over a week ago. The registered capital of the company is 10 million yuan, and the shareholders of the company only have two natural persons with the surname of Yuan, and these two shareholders only have shares of the company. From the time of establishment, this auction should be a new company established to bid for the industrial property.

However, although the price of the industrial real estate auctioned this time is cheap, its location is relatively low in industrial agglomeration. Now it is still a place in the village, and there is not much industry around. It mainly includes Sanliqiao Industrial Park, Jinpai Yuhao Technology Industrial Park, Wuhan Jiuluo Glass Co., Ltd., etc. This may be a factor of the low final transaction price of this auction.